Sony Board to Discuss Third Point Plan

TOKYO—Struggling Japanese conglomerate Sony Corp. said its board of directors has started preliminary discussions on what to do about a proposal from activist hedge-fund investor Daniel Loeb to take part of the company's entertainment business public.

Chief Executive Kazuo Hirai, who has been a vocal supporter of keeping the entertainment business within the Sony group, declined to offer his view on the proposal from Mr. Loeb's Third...